Only one in 20 independent financial advisers currently use AI despite half believing it presents an opportunity for their businesses, according to a new study.

Speaking personally, the least favourite part of any holiday is the car hire bit. Usually the hard part with car hire is all the stupid paperwork and ‘gotcha’ clauses.

Nine in 10 financial advisers expect increased speed and operational efficiency from the use of AI, according to a new report.

While there may be challenges to deal with down the line, a new report for Financial Planning Today Magazine found that at present, most Planners do not feel threatened by AI.